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Oct 29, 2013
10/13
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this according again to dow jones sources. watching those shares, we did go as low as about $52.26 per share. also worthy of note, trading volumes in jpmorgan have picked up about 4.5 million shares have traded in the last 20 minutes. sue, that's about a third of today's daily volume in just the last 20 minutes. back over to you. >> yeah. just to elaborate a little bit, you mentioned this earlier, dom, but the dispute centers on differing versions of what jpmorgan purchased when it assumed washington mutual durings the financial crisis. so that's the issue and art cashin just came by and said the market is getting edgy even though up 93 points. lot offer in jusness over jpmorgan and over retirement. if it wasn't already difficult saving for retirement add in the soaring cost of health care which we've been talking about. financial planners are having to wear two hats. cnbc's sharon epperson is here with more on that. scary situation. >> it is a scare cree situation for some financial advisors because many have been focused on
this according again to dow jones sources. watching those shares, we did go as low as about $52.26 per share. also worthy of note, trading volumes in jpmorgan have picked up about 4.5 million shares have traded in the last 20 minutes. sue, that's about a third of today's daily volume in just the last 20 minutes. back over to you. >> yeah. just to elaborate a little bit, you mentioned this earlier, dom, but the dispute centers on differing versions of what jpmorgan purchased when it...
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Oct 1, 2013
10/13
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the dow jones industrial average up 67 points. the s&p is up 12. three quarters of a percent move to the upside almost a full percent move to the upside, ty, in the s&p. three of the biggest winners, sears holdings, 7% gain. netflix up almost 4% now, and better than 2% gain for merck. so the markets really holding in pretty well given the turmoil in washington, ty. >> those small company shares keep rocking. the russell 2,000 at yet another all-time high. that will do it for "power lunch" for a tuesday. >> have a great afternoon. we'll see you tomorrow. "street signs" begins now. >>> the government might be mostly shut down but the stock market is not. stocks are higher even with all the political chaos. we're going to find out why and have your full shutdown playbook ahead. what's wrong with gold? it is taking another huge tumble today. but is it when you should be buying gold during this dysfunction? one stock leading money manager called buying a, quote, no-brainer and the best news you're going to hear about the economy all day, we promise. >>
the dow jones industrial average up 67 points. the s&p is up 12. three quarters of a percent move to the upside almost a full percent move to the upside, ty, in the s&p. three of the biggest winners, sears holdings, 7% gain. netflix up almost 4% now, and better than 2% gain for merck. so the markets really holding in pretty well given the turmoil in washington, ty. >> those small company shares keep rocking. the russell 2,000 at yet another all-time high. that will do it for...
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Oct 7, 2013
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you can do whatever you want if you're jerry jones. i applaud limb for having a flip phone. >> when worth $2.7 billion hip is owning the flip phone when you can own verizon. after that loss yesterday 51-48, holy mac. i bet that phone has been smashed. >> probably right. >> thank you very much. that will do it for this edition of "power lunch" with the dow down 82. >> 82 points. "street signs" will take it up and begins after a very quick break. we'll see you tomorrow. have a great afternoon. weekdays are for rising to the challenge. they're the days to take care of business. when possibilities become reality. with centurylink as your trusted partner, our visionary cloud infrastructure and global broadband network free you to focus on what matters. with custom communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. every day of the week. centurylink® your link to what's next. >>> todd, what's the best trade you ever made. >> trading my old platform for e-signal. >> what's the difference? >>
you can do whatever you want if you're jerry jones. i applaud limb for having a flip phone. >> when worth $2.7 billion hip is owning the flip phone when you can own verizon. after that loss yesterday 51-48, holy mac. i bet that phone has been smashed. >> probably right. >> thank you very much. that will do it for this edition of "power lunch" with the dow down 82. >> 82 points. "street signs" will take it up and begins after a very quick break. we'll...
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Oct 2, 2013
10/13
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that's according to dow jones sources. you can see blackberry shares spiking now to session highs on this, but still, well below that $9 per share bid that fairfax financial which is blackberry's biggest shareholder has for the firm. so again, more news as it becomes available. right now looks like at least there's interest drumming up for the likes of blackberry. back over to you. >> sure does with better than 2% gain on the trading session. thank you very much. >>> during the shutdown, government workers aren't the only ones being shut out. some workers who do government business are also being furloughed and the longer the shutdown goes the worse it will get. abdul is the ceo of one federal solution a staffing company that does a lot of government work. he's already furloughing employees. nice to have you here. >> thank you for having me. >> tell me how many people you've had to furlough at this point? >> we had it to furlough about 90% of our current staff. we have about 115 people. huge majority of our team has been n
that's according to dow jones sources. you can see blackberry shares spiking now to session highs on this, but still, well below that $9 per share bid that fairfax financial which is blackberry's biggest shareholder has for the firm. so again, more news as it becomes available. right now looks like at least there's interest drumming up for the likes of blackberry. back over to you. >> sure does with better than 2% gain on the trading session. thank you very much. >>> during the...
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Oct 10, 2013
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we are holding on to the advances in the dow jones industrial average. we'll update you on the markets when we come back and get more expert advice for you on a special edition of "power lunch." [ female announcer ] it's time for the annual shareholders meeting. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ >>> welcome back. we're talking about protecting your money now. bob pisani, today's point gains are explosive, but the volume is not. >> yes. >> what does that tell you? >> well, yesterday we saw people outright doing what we call degrossing, taking down their positions. we saw, for example, facebook did 40 million shares in the first half hour yesterday. it normally does 60 million in the whole day. those are guys outright lightening up their positions. today we don't have that as much. people are still a little
we are holding on to the advances in the dow jones industrial average. we'll update you on the markets when we come back and get more expert advice for you on a special edition of "power lunch." [ female announcer ] it's time for the annual shareholders meeting. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you...
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Oct 8, 2013
10/13
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we're down triple digits off 100 points on the dow jones industrial average. "power lunch" returns in just a moment. americans take care of business. they always have. they always will. that's why you take charge of your future. your retirement. ♪ ameriprise advisors can help you like they've helped millions of others. listening, planning, working one on one. to help you retire your way... with confidence. that's what ameriprise financial does. that's what they can do with you. ameriprise financial. more within reach. transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance claims we process. so, it's no surprise to you that companies depend on today's xerox for services that simplify how work gets done. which is...pretty much what we've always stood for. with xerox, you're ready for real business. >>> all right. watching the dow jones industrial average, which is off and on touching down 100 points. the s&
we're down triple digits off 100 points on the dow jones industrial average. "power lunch" returns in just a moment. americans take care of business. they always have. they always will. that's why you take charge of your future. your retirement. ♪ ameriprise advisors can help you like they've helped millions of others. listening, planning, working one on one. to help you retire your way... with confidence. that's what ameriprise financial does. that's what they can do with you....
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Oct 21, 2013
10/13
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the dow jones industrial average just moved into the green. we were down 3 1/2 points when i got down here to the nyse. s&p is just up under a point on the trading session and the nasdaq is the strongest with the nasdaq and nasdaq 100 just hitting another 13-year high. the triple q has tracked the nasdaq. etf is up a full 20% and up a third of a percent today. the russell 2000 has hit another all-time high today. it is up 35% year to date. the s&p mid-cap also hitting a new high today. it's up 30% in a year. the broader base indices are doing well. we're going to run through names throughout the hour. let's start, though, with google, which has just turned into the negative but veisa, mastercard, american express, and nike are solidly in the green. back to you. >> sue, thank you so much. >>> president obama addressing the website glitches that are going to become a dark cloud over the health care plan. he spoke about an hour ago. >> there's no sugar coating it. the website has been too slow, people have been getting stuck during the applicatio
the dow jones industrial average just moved into the green. we were down 3 1/2 points when i got down here to the nyse. s&p is just up under a point on the trading session and the nasdaq is the strongest with the nasdaq and nasdaq 100 just hitting another 13-year high. the triple q has tracked the nasdaq. etf is up a full 20% and up a third of a percent today. the russell 2000 has hit another all-time high today. it is up 35% year to date. the s&p mid-cap also hitting a new high today....
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Oct 3, 2013
10/13
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according to a dow jones report, they could release that set top box in time for the holiday shopping season. that's according to sources. now, the device would compete with current hardware like apple-tv and google-tv. those sources say they've put a mid-november deadline. >>> one of the most highly anticipated "vanity fair eye eye i issues out today. this year's power players are geeks and elite. joining us now is "vanity fair's" betsy lack. how are you? >> i'm good, sue. >> the top five entrants, if you will, in terms of the "vanity fair" list this year, jeff bezos, larry page, tim cook and jonathan ive, mark zuckerberg and elon musk. some of those, i think, would be the logical names to make the list. but the gentleman i want to focus on briefly is jeff bezos. he's number one. and in some ways he's the ultimate disrupter. you point to his purchase of "the washington post." >> that's right. >> it seems like there's almost nowhere that he can't find opportunity. >> that's it and that's why he's number one. he's been on the list actually almost 15 years. and this is the first time he
according to a dow jones report, they could release that set top box in time for the holiday shopping season. that's according to sources. now, the device would compete with current hardware like apple-tv and google-tv. those sources say they've put a mid-november deadline. >>> one of the most highly anticipated "vanity fair eye eye i issues out today. this year's power players are geeks and elite. joining us now is "vanity fair's" betsy lack. how are you? >> i'm...
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Oct 30, 2013
10/13
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at edward jones, it's how we make sense of investing. the ocean gets warmer. face time and think time make a difference. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the cadillac ats -- 2013 north american car of the year. lease this cadillac ats for around $299 per month with premium care maintenance included. your financial advisor should focus on your long-term goals, not their short-term agenda. [ male announcer ] join the nearly 7 million investors who think like you do. face time and think time make a difference. at edward jones, it's how we make sense of investing. >>> coming up on "street signs," guess what? we are the official fed show here on cnbc. talking about "street sig
at edward jones, it's how we make sense of investing. the ocean gets warmer. face time and think time make a difference. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. [ male announcer ] when we built the cadillac ats from the ground up to be the...
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Oct 28, 2013
10/13
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the dow jones up 19 points, people can play it with dia. as for the s&p 500, the last trade on the broader based index is up 4 points on the trading session. the spy is the ticker for the etf tracking the s&p 500. as for the nasdaq, right now the nasdaq is traded up about 1.5 points. the triple qs, qqq, follow the nasdaq 100. right now it's up a tenth of a percent. the russell 2,000 perhaps the broadest based in ddizz dis sdia lot follow is down. good way to play the russell 2,000 the etf ticker iwm. they both join me. welcome, gentlemen. >> thank you. >> jj, what are you hearing from your clients as we get stellar performances like the small caps that have had a better year than some of the mid caps have? >> a actually of two cities. on the one hand your 401(k) investors who haven't been in and jumping on board. that's what you see mary reported. flip side, clients who have had 50, 60, 70% of money in stocks, up 25, 30, 35%. they're like maybe it's time to take some money off the table. >> all right. i'm going to go to rick santelli and th
the dow jones up 19 points, people can play it with dia. as for the s&p 500, the last trade on the broader based index is up 4 points on the trading session. the spy is the ticker for the etf tracking the s&p 500. as for the nasdaq, right now the nasdaq is traded up about 1.5 points. the triple qs, qqq, follow the nasdaq 100. right now it's up a tenth of a percent. the russell 2,000 perhaps the broadest based in ddizz dis sdia lot follow is down. good way to play the russell 2,000 the...
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Oct 17, 2013
10/13
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the dow jones industrial average down by about a third of a percent. ibm a heavy weight there. the s&p 500 we're watching 1729.86. that's the intraday record high. the nasdaq close to a 13-year high. russell and small cap indices hitting new all-time highs. a look at some of the winners here. pea body, sandisk and verizon. very nice gains there. that's it for us at "power lunch." >> i hope you'll come back tomorrow, will you? >> i liked it so much, back tomorrow. >> save some of those oreos for me, will you? >> i will. >> "street signs" will begin right now. >>> the good news is we have a debt deal. the bad news, t minus 90 days until we're back at square one with the same fight ahead and more bad news, we still have the same congress. we're hitting all kinds of stock stories but we want to hear from you. what do politicians need to do to win you back? >> okay. with a deal in the books this is where the markets are standing. small and mid caps are at all-time highs. the s&p 500 has taken out its record close of 1725, and it is really only a few points from
the dow jones industrial average down by about a third of a percent. ibm a heavy weight there. the s&p 500 we're watching 1729.86. that's the intraday record high. the nasdaq close to a 13-year high. russell and small cap indices hitting new all-time highs. a look at some of the winners here. pea body, sandisk and verizon. very nice gains there. that's it for us at "power lunch." >> i hope you'll come back tomorrow, will you? >> i liked it so much, back tomorrow....
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Oct 9, 2013
10/13
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right now we are marginally positive by 4.5 points on the dow jones industrial average. the nasdaq continues to decline. it was the biggest percentage loser yesterday and it's on pace for that same kind of record today. the s&p is down .2 of a percent. amman javers has the latest on this market-moving event. >> this is a possibly hopeful situation here on capitol hill. that has not seen a lot of hopeful situations in recent days. the news is that we had a bipartisan meeting of the top four leaders of the house of representatives just this morning, so that's nancy pelosi, steny hoyer on the democratic side with speaker john boehner and eric cantor, the republican leader. all four of them in a room at the same time talking to each other. what we don't know here is what was said in that room. we're trying to find out more information about whether there's some active negotiations going on or just touching base this morning. guys, i also want to tell you a little bit of ground shifting here maybe politically as well. the coke brothers a company controlled by them, the billio
right now we are marginally positive by 4.5 points on the dow jones industrial average. the nasdaq continues to decline. it was the biggest percentage loser yesterday and it's on pace for that same kind of record today. the s&p is down .2 of a percent. amman javers has the latest on this market-moving event. >> this is a possibly hopeful situation here on capitol hill. that has not seen a lot of hopeful situations in recent days. the news is that we had a bipartisan meeting of the top...
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Oct 25, 2013
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and now, it is in the dow jones transports. ups beating estimates stock. new all-time high. curt is the cfo of ups. a member of cnbc's global cfo council and joins us now. welcome. and you had a good quarter. what drove business this quarter? >> great. thanks. it was a good solid quarter. you know, continued gradual expansion and good operations in the u.s. and some stability outside the u.s. >> i'm curious, mr. kuhn. who is your single biggest customer? >> we have a lot of large customers, although not any one concentrated customer. our top 20 customers only represent about 10% of our total revenue. it's a pretty diverse group. this time of year clearly the e-commerce shippers become a bigger portion of that as we ramp up for the holidays. >> that's one thing i want to talk to you a little bit about. i can't imagine people are going to spend or shop less on e-commerce sites this season, but what we do have is the shortest time between thanksgiving and christmas we've had in about a dozen years. how does that change your business, if at all, it certainly makes it more concen
and now, it is in the dow jones transports. ups beating estimates stock. new all-time high. curt is the cfo of ups. a member of cnbc's global cfo council and joins us now. welcome. and you had a good quarter. what drove business this quarter? >> great. thanks. it was a good solid quarter. you know, continued gradual expansion and good operations in the u.s. and some stability outside the u.s. >> i'm curious, mr. kuhn. who is your single biggest customer? >> we have a lot of...
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Oct 23, 2013
10/13
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looking at the markets, they are lower, but we're off our lows of the day, down 70 points on the dow jones industrial average. the s&p is down 9. the nasdaq down 25. on a percentage basis the nasdaq is the biggest loser. gold after a big move yesterday is down $8 on the trading session. the ten-year note the yield is 2.48% and ice brent crude traded up just under a buck on the trading session. while the markets are falling a bit today, carl icahn is $825 million richer. congratulations. about a year ago, he started buying up shares of netflix in the $58 a share range. mr. icahn bought a total of 4, 291, 000. which led mr. icahn to tweet yesterday, quote, sold block of netflix today. wish to thank reed hastings, ted sa ran dose, netflix team and kevin spacey. mr. icahn still holds about half the shares he bought but the up withes he sold netted him $825 million. certainly not bad and perhaps one of the best trades ever, ty. >> all right. sue, thank you very much. dominic chu, he used to be a trader before he came to his cepses and came over to this side of the business. dom, what have you l
looking at the markets, they are lower, but we're off our lows of the day, down 70 points on the dow jones industrial average. the s&p is down 9. the nasdaq down 25. on a percentage basis the nasdaq is the biggest loser. gold after a big move yesterday is down $8 on the trading session. the ten-year note the yield is 2.48% and ice brent crude traded up just under a buck on the trading session. while the markets are falling a bit today, carl icahn is $825 million richer. congratulations....
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Oct 14, 2013
10/13
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the dow jones is two points away from turning positive. >> therefore, i actually don't think we're going over that edge. i think we'll come close but won't go over. >> happy columbus day. >> thank you. >> to you both. back to you. >> the defensive sectors are getting hit during the shutdown, seema mody at the nasdaq with more. >> simon, that's right. during the 1995 government shutdown, utility and health care stocks actually outperformed while risk sectors like technology underperformed. now this trend holds true today. we're looking at defensive sectors down on the day. just this month alone utility stocks and consumer staple stocks have gained momentum while technology continues to sell off. now analysts indicate these defensive names even after a resolution is found will continue to get a bid. we what i not see this comeback in high growth sectors like tech and while we've seen a run up in consumer staples take a look at safeway and walmart, both of which are trading at a discount to the s&p 500. while southern company exle energy, conedison and entergy are trading at a price to earn
the dow jones is two points away from turning positive. >> therefore, i actually don't think we're going over that edge. i think we'll come close but won't go over. >> happy columbus day. >> thank you. >> to you both. back to you. >> the defensive sectors are getting hit during the shutdown, seema mody at the nasdaq with more. >> simon, that's right. during the 1995 government shutdown, utility and health care stocks actually outperformed while risk sectors...
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Oct 11, 2013
10/13
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. >>> wall street is holdingen to its gains up 93 points on the dow jones industrial average. the s&p is up 8. that's a half a percent. and the nasdaq trying to regain strength, had a good day yesterday for those long in that market and up three quarters of a percent right now. biggest winners johnson & johnson up 1.5%, safeway up almost 7% on the trading session, home depot up 1.3% and tesoro up 5%. we'll see how it goes, they seem to be making progress in washington. >> absolutely. i was noticing the s&p 500 has basically been sitting right there at 1700 for the last hour. folks, that will do it for another week of "power lunch." thanks for watching. >> have a great weekend. see you when you get back, ty. "street signs" begins now. ♪ ♪ wishing and hoping and thinking and praying ♪ ♪ planning and dreaming each night ♪ >> happy friday. the song seems appropriate because d.c. is in wait and see mode as we await a deal, stocks aren't waiting around. they are higher again. gold continuing its epic slide. big show again. we'll hit our picks for stocks of the week. why re
. >>> wall street is holdingen to its gains up 93 points on the dow jones industrial average. the s&p is up 8. that's a half a percent. and the nasdaq trying to regain strength, had a good day yesterday for those long in that market and up three quarters of a percent right now. biggest winners johnson & johnson up 1.5%, safeway up almost 7% on the trading session, home depot up 1.3% and tesoro up 5%. we'll see how it goes, they seem to be making progress in washington. >>...